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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Consolidated Water Co. Ltd. (CWCO). Click either name above to swap in a different company.

CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $29.6M, roughly 2.0× Consolidated Water Co. Ltd.). Consolidated Water Co. Ltd. runs the higher net margin — 10.3% vs -12.5%, a 22.8% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 4.4%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $3.4M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -13.6%).

CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.

CBAT vs CWCO — Head-to-Head

Bigger by revenue
CBAT
CBAT
2.0× larger
CBAT
$58.8M
$29.6M
CWCO
Growing faster (revenue YoY)
CBAT
CBAT
+127.4% gap
CBAT
131.8%
4.4%
CWCO
Higher net margin
CWCO
CWCO
22.8% more per $
CWCO
10.3%
-12.5%
CBAT
More free cash flow
CBAT
CBAT
$12.7M more FCF
CBAT
$16.1M
$3.4M
CWCO
Faster 2-yr revenue CAGR
CBAT
CBAT
Annualised
CBAT
-0.0%
-13.6%
CWCO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
CWCO
CWCO
Revenue
$58.8M
$29.6M
Net Profit
$-7.4M
$3.0M
Gross Margin
7.3%
34.7%
Operating Margin
-13.6%
9.1%
Net Margin
-12.5%
10.3%
Revenue YoY
131.8%
4.4%
Net Profit YoY
-63.6%
91.5%
EPS (diluted)
$-0.08
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CBAT
CBAT
CWCO
CWCO
Q4 25
$58.8M
$29.6M
Q3 25
$60.9M
$35.1M
Q2 25
$40.5M
$33.6M
Q1 25
$34.9M
$33.7M
Q4 24
$25.4M
$28.4M
Q3 24
$44.6M
$33.4M
Q2 24
$47.8M
$32.5M
Q1 24
$58.8M
$39.7M
Net Profit
CBAT
CBAT
CWCO
CWCO
Q4 25
$-7.4M
$3.0M
Q3 25
$2.7M
$5.5M
Q2 25
$-3.1M
$5.1M
Q1 25
$-1.6M
$4.8M
Q4 24
$-4.5M
$1.6M
Q3 24
$17.6K
$4.5M
Q2 24
$6.4M
$15.9M
Q1 24
$9.8M
$6.5M
Gross Margin
CBAT
CBAT
CWCO
CWCO
Q4 25
7.3%
34.7%
Q3 25
8.0%
36.9%
Q2 25
11.0%
38.2%
Q1 25
13.7%
36.5%
Q4 24
13.1%
29.9%
Q3 24
15.6%
34.8%
Q2 24
26.6%
35.8%
Q1 24
31.9%
35.0%
Operating Margin
CBAT
CBAT
CWCO
CWCO
Q4 25
-13.6%
9.1%
Q3 25
-6.6%
16.4%
Q2 25
-8.7%
15.7%
Q1 25
-8.2%
13.7%
Q4 24
-26.0%
3.8%
Q3 24
-1.9%
14.6%
Q2 24
12.4%
15.4%
Q1 24
17.4%
18.4%
Net Margin
CBAT
CBAT
CWCO
CWCO
Q4 25
-12.5%
10.3%
Q3 25
4.4%
15.8%
Q2 25
-7.6%
15.2%
Q1 25
-4.5%
14.2%
Q4 24
-17.8%
5.6%
Q3 24
0.0%
13.3%
Q2 24
13.5%
48.8%
Q1 24
16.7%
16.3%
EPS (diluted)
CBAT
CBAT
CWCO
CWCO
Q4 25
$-0.08
$0.18
Q3 25
$0.03
$0.34
Q2 25
$-0.03
$0.32
Q1 25
$-0.02
$0.30
Q4 24
$-0.05
$0.10
Q3 24
$0.00
$0.28
Q2 24
$0.07
$0.99
Q1 24
$0.11
$0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBAT
CBAT
CWCO
CWCO
Cash + ST InvestmentsLiquidity on hand
$8.3M
$123.8M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$221.7M
Total Assets
$426.2M
$257.6M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
CWCO
CWCO
Q4 25
$8.3M
$123.8M
Q3 25
$10.5M
$123.6M
Q2 25
$45.7M
$112.2M
Q1 25
$9.6M
$107.9M
Q4 24
$11.0M
$99.4M
Q3 24
$24.2M
$104.9M
Q2 24
$44.1M
$96.7M
Q1 24
$23.8M
$46.2M
Total Debt
CBAT
CBAT
CWCO
CWCO
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
CWCO
CWCO
Q4 25
$112.7M
$221.7M
Q3 25
$121.4M
$220.4M
Q2 25
$118.2M
$216.6M
Q1 25
$120.8M
$213.3M
Q4 24
$121.7M
$210.0M
Q3 24
$131.2M
$209.8M
Q2 24
$126.6M
$206.7M
Q1 24
$120.9M
$192.1M
Total Assets
CBAT
CBAT
CWCO
CWCO
Q4 25
$426.2M
$257.6M
Q3 25
$363.9M
$257.2M
Q2 25
$333.1M
$257.5M
Q1 25
$311.5M
$250.4M
Q4 24
$302.2M
$243.3M
Q3 24
$293.5M
$238.4M
Q2 24
$279.6M
$235.2M
Q1 24
$286.5M
$223.2M
Debt / Equity
CBAT
CBAT
CWCO
CWCO
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBAT
CBAT
CWCO
CWCO
Operating Cash FlowLast quarter
$29.8M
$5.8M
Free Cash FlowOCF − Capex
$16.1M
$3.4M
FCF MarginFCF / Revenue
27.3%
11.4%
Capex IntensityCapex / Revenue
23.4%
8.1%
Cash ConversionOCF / Net Profit
1.90×
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$33.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
CWCO
CWCO
Q4 25
$29.8M
$5.8M
Q3 25
$14.6M
$15.4M
Q2 25
$13.8M
$8.8M
Q1 25
$-9.6M
$11.8M
Q4 24
$9.6M
$-742.0K
Q3 24
$19.7M
$10.4M
Q2 24
$2.9M
$21.0M
Q1 24
$7.4M
$6.0M
Free Cash Flow
CBAT
CBAT
CWCO
CWCO
Q4 25
$16.1M
$3.4M
Q3 25
$6.0M
$13.5M
Q2 25
$4.1M
$6.1M
Q1 25
$-22.3M
$10.2M
Q4 24
$3.9M
$-3.7M
Q3 24
$16.5M
$8.3M
Q2 24
$2.5M
$19.8M
Q1 24
$-454.0K
$5.4M
FCF Margin
CBAT
CBAT
CWCO
CWCO
Q4 25
27.3%
11.4%
Q3 25
9.9%
38.4%
Q2 25
10.2%
18.3%
Q1 25
-63.9%
30.1%
Q4 24
15.5%
-13.0%
Q3 24
37.1%
24.9%
Q2 24
5.2%
60.8%
Q1 24
-0.8%
13.7%
Capex Intensity
CBAT
CBAT
CWCO
CWCO
Q4 25
23.4%
8.1%
Q3 25
14.1%
5.5%
Q2 25
23.8%
7.8%
Q1 25
36.3%
4.7%
Q4 24
22.5%
10.4%
Q3 24
7.0%
6.1%
Q2 24
0.9%
3.7%
Q1 24
13.4%
1.3%
Cash Conversion
CBAT
CBAT
CWCO
CWCO
Q4 25
1.90×
Q3 25
5.51×
2.79×
Q2 25
1.72×
Q1 25
2.45×
Q4 24
-0.47×
Q3 24
1115.72×
2.32×
Q2 24
0.46×
1.32×
Q1 24
0.76×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBAT
CBAT

Manufacturing Lithium Batteries$28.0M48%
Residential Energy Supply And Uninterruptable Supplies$17.8M30%
Light Electric Vehicles$12.9M22%
Precursor$108.0K0%

CWCO
CWCO

Services Revenues$10.5M35%
Transferred At Point In Time$8.5M29%
Operations And Maintenance$8.4M28%
Transferred Over Time$1.9M7%

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